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Show Notes
First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks. Like Silicon Valley Bank, which was seized by the government on March 10, First Republic catered to a wealthy clientele, which helped it grow deposits rapidly but may have also contributed to its undoing. Duke University Economics Professor Connell Fullenkamp joined Nate Saunders to discuss the situation with First Republic Bank.